Tuesday 3 May 2016
 
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Mining

Oman to offer pre-cleared mining blocks

Oman’s Public Authority for Mining (PAM) plans to offer ‘investment-ready’ mining concessions that will come bundled with all of the requisite government permits and clearances, a report said. The ‘Ready to

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Ma'aden begins commercial output at gold mine

Saudi Arabian Mining Company (Ma'aden) said on Sunday commercial output had begun at the Ad Duwayhi gold mine in western Saudi Arabia. The mine has an estimated average annual production capacity of 180,000 ounces over the lif

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Ma'aden reshuffles team, reaffirms cost-cutting focus

Saudi Arabian Mining Company (Ma'aden), which swung into the red at the end of last year after being hit by the slump in commodities, announced a new finance director on Wednesday and other management changes. The Gulf's b

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Iran offers mining riches, but investors cautious

Iran's rich deposits of zinc, copper, gold and other minerals are tempting international investors after the lifting of Western sanctions, but development of the sector will take time and problems will have to be overcome. A s

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MB Holding’s unit signs mining deal with Rwanda

A unit of Oman-based MB Holding Company has signed three large-scale mining agreements with the Rwandan government to undertake mining operations in Bisesero, Karongi District, of the southern African nation, a report said. Tri Me

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Saudi's Ma'aden swings to net loss in Q4

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, swung to a net loss in the fourth quarter on Wednesday due to lower product prices, missing the average forecast of analysts. Ma'aden made a net loss of

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Oman fund, others plan $260m mining venture

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said on Tuesday. The vent

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Oman fund, others plan $260m mining venture

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said on Tuesday. The vent

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Top 10 issues facing mining companies in 2016

Weak commodity prices, declining grades and a falloff in demand from China will continue global mining sectors’ downward cycle well into 2016, a report said, noting that regulatory mandates and tax burdens remain as high as ever.

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Iran to carry out major mining exploration

Iran has plans for carrying out mining exploration projects over 240,000 sq km across 12 provinces in the biggest development attempt seen in the sector, said a senior official, in a report. The effort is in line with Iran's b

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